Government Home Ownership schemes to encourage lending for New Build properties:
Help to Buy Scotland – Equity Loan scheme for both first time buyers and home movers on new build properties from participating builder’s worth up to up to a maximum value of £230,000 for purchases which complete on or before 31 March 2017, £200,000 for purchases on or before 31 March 2018, and £175,000 for purchases on or before 31 March 2019.
The Scottish Government will take out an equity stake of up to 15% of the value of the property and the purchaser puts down a minimum 5% deposit with a conventional mortgage for the balance.
L&G New Build Club is exclusively available by invitation only. For further information on accessing the L&G New Build club please contact Craig Hall on 07738 696012.
Also our telephone based Mortgage Support Services team can help you place your New Build cases. Contact them on 01226 230 504.
Legal & General Mortgage Club has announced the launch of its new Government Housing Schemes Matrix.